SBA 7(a) lenders in Olmsted, MN

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

61 institutions have SBA 7(a) loans on record in Olmsted, together $155.2M across 394 loans. Alerus Financial, National Association is the largest, with 20% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Alerus Financial, National Association	38	$31.0M	19.9%	0.19%
2	Old National Bank	46	$21.8M	14.1%	3.61%
3	Wells Fargo Bank National Association	62	$16.7M	10.8%	4.05%
4	Minnwest Bank	20	$15.5M	10.0%	2.57%
5	Live Oak Banking Company	2	$7.2M	4.7%	0.00%
6	Eagle Rock Bank	17	$4.6M	3.0%	0.00%
7	First Security Bank	4	$4.4M	2.9%	0.00%
8	Platinum Bank	6	$4.2M	2.7%	0.00%
9	U.S. Bank, National Association	25	$3.8M	2.4%	0.20%
10	First Merchants Bank	1	$3.8M	2.4%	0.00%
11	BankVista	5	$2.8M	1.8%	0.00%
12	First Bank & Trust	2	$2.4M	1.5%	0.00%
13	Foresight Bank	11	$2.2M	1.4%	0.90%
14	First National Bank of Pennsylvania	1	$2.2M	1.4%	0.00%
15	Coulee Bank	9	$2.2M	1.4%	2.37%
16	Premier Bank Minnesota	23	$2.1M	1.3%	1.01%
17	Manufacturers Bank and Trust Company	4	$2.0M	1.3%	0.00%
18	Baraboo State Bank	1	$2.0M	1.3%	33.59%
19	Voyager Bank	1	$1.8M	1.2%	0.00%
20	The Huntington National Bank	9	$1.6M	1.1%	0.00%
21	Merchants Bank, National Association	11	$1.6M	1.0%	0.00%
22	CRF Small Business Loan Company, LLC	2	$1.4M	0.9%	0.00%
23	State Bank Financial	5	$1.2M	0.8%	0.00%
24	Stearns Bank National Association	3	$1.2M	0.8%	0.00%
25	PNC Bank, National Association	1	$1.1M	0.7%	0.00%
26	Profinium Inc	1	$1.1M	0.7%	0.00%
27	Think Mutual Bank	10	$979K	0.6%	11.50%
28	Farmers and Merchants Savings Bank	1	$965K	0.6%	0.00%
29	Associated Bank National Association	20	$950K	0.6%	0.00%
30	Altra Federal Credit Union	5	$938K	0.6%	7.05%
31	F and M Community Bank National Association	2	$899K	0.6%	0.00%
32	The First National Bank in Sioux Falls	2	$850K	0.5%	0.00%
33	Arcadian Bank	3	$832K	0.5%	0.00%
34	KeyBank National Association	1	$728K	0.5%	0.00%
35	Summit Community Bank	1	$600K	0.4%	7.41%
36	Gateway Bank	1	$525K	0.3%	0.00%
37	Readycap Lending, LLC	1	$515K	0.3%	0.00%
38	Nicolet National Bank	2	$510K	0.3%	0.00%
39	United Midwest Savings Bank National Association	3	$425K	0.3%	34.70%
40	Peoples State Bank of Plainview	2	$408K	0.3%	0.00%
41	Alliance Bank	3	$400K	0.3%	0.00%
42	First Financial Bank	1	$350K	0.2%	0.00%
43	Byline Bank	1	$350K	0.2%	0.00%
44	Northeast Bank	2	$230K	0.1%	39.83%
45	Celtic Bank Corporation	2	$205K	0.1%	0.00%
46	First Resource Bank	1	$200K	0.1%	0.00%
47	Premier Bank	1	$200K	0.1%	0.00%
48	Colony Bank	1	$150K	0.1%	0.00%
49	Independence Bank	1	$150K	0.1%	0.00%
50	Farmers State Bank	1	$125K	0.1%	0.00%
51	First Citizens Bank	1	$102K	0.1%	0.00%
52	First Alliance Credit Union	1	$101K	0.1%	59.56%
53	Simmons Bank	1	$100K	0.1%	0.00%
54	BMO Bank National Association	1	$90K	0.1%	0.00%
55	Forward Bank	1	$70K	0.0%	0.00%
56	VelocitySBA, LLC	6	$70K	0.0%	30.71%
57	First National Bank	1	$56K	0.0%	0.00%
58	Capital One National Association	1	$50K	0.0%	96.53%
59	Newtek Bank, National Association	1	$50K	0.0%	0.00%
60	CCFBank National Association	1	$40K	0.0%	0.00%
61	American Heritage National Bank	1	$25K	0.0%	0.00%

Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.

What the money went into

Rank	Industry	Loans	Approved	Share of county
1	Accommodation & food services	43	$21.0M	13.5%
2	Arts, entertainment & recreation	23	$20.4M	13.1%
3	Health care & social assistance	45	$17.1M	11.0%
4	Construction	36	$15.4M	9.9%
5	Other services	54	$15.1M	9.7%
6	Retail trade	37	$11.6M	7.5%
7	Transportation & warehousing	27	$9.8M	6.3%
8	Retail trade	26	$8.9M	5.8%
9	Educational services	9	$8.3M	5.3%
10	Administrative & waste services	25	$5.4M	3.5%
11	Manufacturing	12	$5.0M	3.2%
12	Wholesale trade	12	$4.9M	3.2%
13	Real estate & leasing	5	$4.2M	2.7%
14	Manufacturing	3	$2.7M	1.7%
15	Professional & technical services	25	$2.5M	1.6%
16	Finance & insurance	6	$1.8M	1.1%
17	Agriculture, forestry & fishing	1	$585K	0.4%
18	Manufacturing	1	$220K	0.1%
19	Information	3	$210K	0.1%
20	Transportation & warehousing	1	$56K	0.0%

Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.

About this data

Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.